KARACHI: The investment in registered prize bonds has surged over 140 per cent by December 31, 2021; following the drive of documentation initiated by the government. According to the official data released by the Central Directorate of National Savings (CDNS), the investment in registered or premium prize bonds sharply increased to Rs54.92 billion by the … Read more
KARACHI: The earnings of Allied Bank Limited (ABL) declined 5 per cent on a year-on-year basis to Rs17.5 billion for the year ended December 31, 2021. While growth in net fee income (NFI) and reversal in provisioning supported the overall earnings, profitability for the year was down in 2021 mainly due to lower net interest … Read more
Allied Bank Limited The Allied Bank Limited (ABL) has managed to take its current investment book up to 88 per cent of its deposit size, one of the highest levels historically, on the back of increasing borrowings through repo (25 per cent of deposits). With 54 per cent of the investment book parked in shorter … Read more
KARACHI: The bearer prize bonds of high denomination will expire by the end of the current month but unregistered securities worth billions of rupees are still in circulation. The government has decided to withdraw the bearer bonds with denominations of Rs7,500, Rs15,000, Rs25,000 and Rs40,000 and set a deadline of December 31, 2021 to exchange … Read more
